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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Kirk © who wrote (1210)9/26/1998 11:10:00 PM
From: Gary D  Read Replies (1) of 15132
 
>>BB is looking for one of the BEST increases from the low of a "midterm Off Presidential election year correction". If I am reading what BB says on the radio and add that with the newsletter numbers, then BB is looking for the next advance to be above 50% from DJIA 7539 and for that to happen over 6 to 24 months. Do others read the newsletter numbers and todays optimismn the same way?<<

Kirk, I heard that statement today and have seen the numbers you're referring to, and would make the same interpretation--but, what about our p/e ceiling of 24 or so?? It would seem that, for everything to be consistent (if my arithmetic is correct), either 1) Bob must also be expecting earnings reports over the next year or two that will be a big surprise on the upside, or, 2) the impressive gain ahead will peak with a spike that pierces the p/e ceiling for a brief time. Or perhaps a combination of the two.

If scenario 2) is what happens, I'll certainly be ready with my finger on the trigger this time.

Regards, Gary
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